Aramark Services (ARMK) Tops Q2 EPS by 2c, Revenues In-Line; 'We are Increasing our Full-Year Outlook'

Aramark Services (NYSE: ARMK) reported Q2 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $3.62 billion versus the consensus estimate of $3.63 billion.

GUIDANCE:

Aramark Services sees FY2017 EPS of $1.90-$2.00, versus the consensus of $1.91.

2017 OUTLOOK

The Company provides its expectations for full-year adjusted EPS and full-year free cash flow on a non-GAAP basis, and does not provide a reconciliation of such forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for the impact of the change in fair value related to certain gasoline and diesel agreements, severance and other charges and the effect of currency translation.

The Company's outlook for 2017 adjusted EPS increased by five cents to a range of $1.90 to $2.00 per share, which includes 2 cents of currency headwind. This improved outlook is due to lower interest and tax-related expenses.

The Company continues to expect full-year free cash flow of greater than $350 million.

For earnings history and earnings-related data on Aramark Services (ARMK) click here.

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